Air Capital Insider

Airline fuel drops 38 percent in October

An American Airlines jet is refueled at the Dallas/Fort Worth International Airport 2004, in a photo provided by American Airlines.
An American Airlines jet is refueled at the Dallas/Fort Worth International Airport 2004, in a photo provided by American Airlines. File photo

Already low-priced gas got even more cheaper for the nation’s airlines in October, according to a federal Bureau of Transportation Statistics report on Tuesday.

The October Airline Fuel Cost and Consumption Data report said the preliminary average cost per gallon of fuel for U.S. airlines’ scheduled services was $1.65.

That represented a 38 percent decrease from $2.68 per gallon in October 2014, according to the report.

For the year, the per-gallon cost of gas for scheduled airlines is 35 percent lower than the same period a year ago, BTS said.

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